Coco Cola to Cut Jobs in India?

Beverages giant Coca-Cola will cut jobs in India as part of its “redesigning operating model” globally to accelerate business growth across markets.

“As part of the Coca-Cola Company’s recently announced, multi-year productivity initiatives, we are now redesigning our operating model to streamline and simplify our structure and accelerate the growth of our global business,” a Coca-Cola India spokesperson said.

“As we have acknowledged previously, this redesign work will result in impacts to jobs across our global operations including India,” he said.

With the company still working on the redesign process, the impact of the process is yet to be known, he said.

“We have, however, committed that we will ensure fair, equitable and compassionate treatment of our people throughout this process,” he added.

Coca-Cola India employs around 250 people in India. Up to 15,000 people are employed by the company’s bottling partners which stay out of the redesign process.

The Atlanta-based company had already announced it would cut between 1,600 and 1,800 jobs worldwide in coming months to trim costs.

In October last year, the company had said it would cut costs by USD 3 billion by 2019 by bringing in enhanced efficiencies in its global operations.